Have you applied for a loan to purchase a home in the Tampa Bay area and now wondering what’s next?
It usually takes a lender between 1-6 weeks to complete the evaluation of your application.
Like the video shows, it’s not unusual for the lender to ask for more information once the application has been submitted. The sooner you can provide the information the faster your application will be processed.
Once all the information has been verified the lender will call you to let you know the outcome of your application. If the loan is approved, a closing date is set up and the lender will review the closing with you.
And after closing, you’ll be able to move into your new home.
At Flagship Title we care about helping you stay informed throughout your real estate transaction. Have questions? Give us a call at 813.875.1200.
In case you missed it, check out our last Flagship Title post: How Do School Zones Affect Home Buying?